Space perovskite startup Xingyi Core Energy Technology raises Pre-A funding for flexible solar wings

Xingyi Core Energy Technology (Sometimes known as "Starwing"), a China-based developer of space-grade perovskite solar cells and flexible packaging substrates, has completed a Pre-A round of strategic financing worth nearly RMB 100 million (about $14 million). The round was led by Junda Co., Shanghai Future Industry Fund, Lingang Blue Bay Capital, and Nanxun Luyao, with additional participation from investors tied to the co-founders of Xinyang Semiconductor, while existing shareholder Zhongke Shenguang increased its stake. The company says the funds will go toward technical iteration, space-environment testing, and on-orbit satellite verification of its perovskite photovoltaic cells and space-grade CPI flexible packaging substrates.